Energy Club NT - Empire Energy Group: Beetaloo Update

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Empire Energy Group: Beetaloo Update

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Empire Energy Group: Beetaloo Update

24 May 2023 11:01 AM | Stephanie Berlin (Administrator)

Carpentaria-2H flow testing complete following continued strong gas rates

Carpentaria-2H (“C-2H”) has produced a total of 323 Terajoules (“TJ”) (281 mmscf) over 127 days

Gas composition has remained consistent with high calorific value and extremely low CO2

This equates to a normalized rate of 2.75 TJ (2.4 mmscf) per day per 1,000 metres for the entire test period

The post-soak 2023 IP30 is now confirmed at 3.5 TJ (3.0 mmscf) per day per 1,000 metres following updated gas composition analysis

C-2H has been shut-in for availability as a future gas producer

Carpentaria-3H (“C-3H”) will be reopened for flow testing once the soak period concludes

Development planning for pilot project final investment decision continues. Multiple parties are expressing strong interest in purchasing Empire’s Beetaloo gas in both the pilot phase and full development phase

NSAI updated resources report on track to be released prior to 30 May 2023 AGM

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